Solo 401k thoughts/ questions on strategy.

[Damian Baynes]

Greetings everyone!

I’ll keep this one brief. Here is my situation. I started a small business which will not be my primary source of income anytime soon, however, I do have some funds from an old 401k that I would like to roll into a solo 401k. From what I understand, the only way I can take out a loan to buy property is via a non-recourse loan, which generally has much higher interest rates and fees. I’m looking to buy and hold. Do you think it’s better to buy a single family with all cash outright or to buy a multi-unit taking out a non-recourse loan?

Any feedback is much appreciated. 

Thanks,

Damian